Repay (NASDAQ:RPAY) Receives Buy Rating from Canaccord Genuity Group

Canaccord Genuity Group has reaffirmed a "buy" rating for Repay (NASDAQ:RPAY) with a target price of $12.00, indicating a potential upside of 220.86%. Other analysts have mixed ratings, with DA Davidson lowering their target to $10.00 and UBS raising it to $5.75. Repay's stock opened at $3.74, with a market cap of $341.61 million. The company reported $0.21 EPS for the last quarter, exceeding estimates. Insider activity shows a decrease in ownership by EVP Jacob Hamilton Moore. Institutional investors hold 82.73% of the stock.

Repay (NASDAQ:RPAY - Get Free Report)'s stock had its "buy" rating restated by Canaccord Genuity Group in a research report issued on Tuesday,Benzinga reports. They presently have a $12.00 target price on the stock. Canaccord Genuity Group's target price would indicate a potential upside of 220.86% from the company's current price.

Other research analysts also recently issued research reports about the company. DA Davidson cut their target price on Repay from $12.00 to $10.00 and set a "buy" rating for the company in a research note on Wednesday, August 13th. UBS Group upped their price target on Repay from $4.50 to $5.75 and gave the company a "neutral" rating in a research report on Wednesday, August 13th. Wall Street Zen upgraded shares of Repay from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Repay in a research note on Wednesday, November 5th. Finally, Morgan Stanley upped their target price on shares of Repay from $4.50 to $5.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 12th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $7.22.

Read Our Latest Analysis on RPAY

Repay Stock Down 1.6%

Repay stock opened at $3.74 on Tuesday. The firm has a 50 day simple moving average of $5.03 and a 200 day simple moving average of $4.92. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.44. Repay has a 1-year low of $3.59 and a 1-year high of $9.75. The firm has a market capitalization of $341.61 million, a price-to-earnings ratio of -2.97 and a beta of 1.61.

Repay (NASDAQ:RPAY - Get Free Report) last posted its earnings results on Monday, November 10th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. The firm had revenue of $77.73 million for the quarter, compared to the consensus estimate of $76.92 million. Repay had a positive return on equity of 8.89% and a negative net margin of 35.79%.The business's quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.23 earnings per share. On average, analysts predict that Repay will post 0.72 earnings per share for the current year.

Insider Activity at Repay

In related news, EVP Jacob Hamilton Moore sold 26,385 shares of the company's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $5.89, for a total value of $155,407.65. Following the transaction, the executive vice president directly owned 193,532 shares in the company, valued at approximately $1,139,903.48. This represents a 12.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 12.00% of the company's stock.

Institutional Investors Weigh In On Repay

Several hedge funds have recently bought and sold shares of RPAY. American Century Companies Inc. grew its stake in Repay by 45.5% in the 2nd quarter. American Century Companies Inc. now owns 6,440,443 shares of the company's stock worth $31,043,000 after buying an additional 2,013,128 shares in the last quarter. Private Management Group Inc. raised its position in shares of Repay by 57.3% during the 2nd quarter. Private Management Group Inc. now owns 4,175,111 shares of the company's stock valued at $20,124,000 after buying an additional 1,520,432 shares in the last quarter. Kent Lake PR LLC bought a new stake in shares of Repay during the 2nd quarter worth $7,230,000. AQR Capital Management LLC grew its position in Repay by 2,421.7% in the second quarter. AQR Capital Management LLC now owns 1,444,545 shares of the company's stock worth $6,963,000 after acquiring an additional 1,387,260 shares in the last quarter. Finally, Nuveen LLC purchased a new position in Repay in the first quarter worth $5,764,000. 82.73% of the stock is currently owned by institutional investors.

Repay Company Profile

(Get Free Report)

Repay Holdings Corporation, payments technology company, provides integrated payment processing solutions to industry-oriented markets in the United States. It operates through two segments: Consumer Payments and Business Payments. The company's payment processing solutions enable consumers and businesses to make payments using electronic payment methods.

Should You Invest $1,000 in Repay Right Now?

Before you consider Repay, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Repay wasn't on the list.

While Repay currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here